Sensex ends 365 points down; falling rupee adds to pressure

	Dated:23 November,2011

Sensex ends 365 points down; falling rupee adds to pressure Nifty ended sharply lower on huge volumes as weak cues from global peers and long unwinding ahead of November F&O expiry on concerns of domestic factors spooked sentiments. FII pullout, weak rupee responsible for market crash: Pranab Mukherjee Finance Minister Pranab Mukherjee on Wednesday attributed the stock market crash to withdrawal of funds by foreign investors and depreciation of the rupee. Indian equities are likely to fall further: Adrian Mowat, JP Morgan Indian equity market moves pretty much in line with EMs and my bias is to be a buyer in the current volatility, says Adrian Mowat, JP Morgan AMC. Market Round-up SENSEX 15699.97 -365.45 NIFTY 4706.45 -105.90 NASDAQ 2141.54 17.78 DJIA 10060.06 19.61 RS/$ 46.79 -0.14 NSE Gainers Scrip Price(Rs.) %Change D B Realty Ltd. 64.50 + 20.00 SRHHL Industries Ltd. 3.70 + 19.35 Parabolic Drugs Ltd. 37.60 + 15.34 KM Sugar Mills Ltd. 2.45 + 11.36 Camlin Ltd. 37.40 + 10.81 NSE Losers Scrip Price(Rs.) %Change Sezal Glass Ltd. 16.95 -16.91 Glodyne Technoserve Ltd. 210.00 -14.95 NRC Ltd. 3.00 -14.29 I P Rings Ltd. 53.50 -11.86 Paramount Communications 2.30 -11.54 Views on Stocks/Markets Watch for Essar Port on the upside: Mitesh Thacker FII cut exposure to Indian aviation stocks NTPC is a defensive stock: Ashwani Gujral IPO/Global Markets World stocks hit 6-week low; euro down European shares hit 7-week lows US stock futures signal weaker open Rupee / Gold Gold falls to Rs 29,240 Re closes at 52.35/36 Gold futures seen down More 'Market' News A lot of liquidity sitting on sidelines is leading to volatility: John Dunham In an interview with ET Now, John Dunham talks about the global markets and the Super Committee's failure to reach a consensus on US spending cut. Why Rupee slides to all-time low against Dollar The Rupee slid to an all-time low of 52.73 against the U.S. Dollar on Tuesday but bounced back more than 1 percent on Wednesday. There is a crisis, government is sleeping: Ashwani Gujral A market that has broken down to 20 month low is not suggesting that it is bullish so I do not think you should be looking at too much buying at this point.